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Securities (Tables)
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Summary Comparison of Securities by Type
A summary comparison of securities by type at June 30, 2020 and December 31, 2019 is shown below. 

 June 30, 2020December 31, 2019
(in thousands)Amortized CostGross
Unrealized Gains		Gross
Unrealized Losses		Fair ValueAmortized CostGross Unrealized GainsGross
Unrealized Losses		Fair Value
Available for sale:        
U.S. Treasuries$47,700  $—  $—  $47,700  $—  $—  $—  $—  
U.S. Government Agencies45  —  —  45  16,380  15  (2) 16,393  
Corporate debt securities196,750  8,131  (1,685) 203,196  94,561  1,110  (302) 95,369  
Municipal bonds31,762  1,860  —  33,622  30,297  1,870  (14) 32,153  
Collateralized mortgage obligations6,508  146  (7) 6,647  16,400  40  (43) 16,397  
Mortgage-backed securities154,896  4,435  (3) 159,328  179,546  317  (238) 179,625  
Total available for sale securities$437,661  $14,572  $(1,695) $450,538  $337,184  $3,352  $(599) $339,937  
Held to maturity:        
U.S. Government Agencies$—  $—  $—  $—  $18,175  $—  $(32) $18,143  
Municipal bonds—  —  —  —  5,107  182  —  5,289  
Mortgage-backed securities—  —  —  —  63,297  200  (112) 63,385  
Total held to maturity securities$—  $—  $—  $—  $86,579  $382  $(144) $86,817  
Investments Classified by Contractual Maturity Date For this reason they are presented separately in the maturity table below. 
 At June 30, 2020
(in thousands)Amortized CostFair Value
Available for sale:  
Due in one year or less$68,729  $68,917  
Due after one year through five years80,864  84,213  
Due after five years through 10 years110,778  114,972  
Over 10 years15,886  16,461  
Subtotal276,257  284,563  
Collateralized mortgage obligations6,508  6,647  
Mortgage-backed securities154,896  159,328  
Total available for sale securities$437,661  $450,538  
Held to maturity:  
Due in one year or less$—  $—  
Due after one year through five years—  —  
Due after five years through 10 years—  —  
Over 10 years—  —  
Subtotal—  —  
Mortgage-backed securities—  —  
Total held to maturity securities$—  $—  
Schedule of Unrealized Loss on Investments
The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at June 30, 2020.

  At June 30, 2020 
 Less Than 12 Months12 Months or MoreTotal
(in thousands)Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized Losses
Available for sale:         
U.S. Treasuries4  $47,700  $—  —  $—  $—  4  $47,700  $—  
U.S. Government Agencies—  —  —  —  —  —  —  —  —  
Corporate debt securities56  31,127  (1,290) 8  1,607  (395) 64  32,734  (1,685) 
Municipal bonds—  —  —  —  —  —  —  —  —  
Collateralized mortgage obligations3  1,325  (7) —  —  —  3  1,325  (7) 
Mortgage-backed securities9  209  (3) —  —  —  9  209  (3) 
Total available for sale securities72  $80,361  $(1,300) 8  $1,607  $(395) 80  $81,968  $(1,695) 
Held to maturity:         
U.S. Government Agencies—  $—  $—  —  $—  $—  —  $—  $—  
Municipal bonds—  —  —  —  —  —  —  —  —  
Mortgage-backed securities—  —  —  —  —  —  —  —  —  
Total held to maturity securities—  $—  $—  —  $—  $—  —  $—  $—  

The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2019. 

  At December 31, 2019 
 Less Than 12 Months12 Months or MoreTotal
(in thousands)Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized Losses		Number
of Securities		Fair ValueGross
Unrealized Losses
Available for sale:         
U.S. Treasuries—  $—  $—  —  $—  $—  —  $—  $—  
U.S. Government Agencies1  4,398  (1) 1  149  (1) 2  4,547  (2) 
Corporate debt securities42  21,269  (174) 12  3,184  (128) 54  24,453  (302) 
Municipal bonds9  4,285  (14) —  —  —  9  4,285  (14) 
Collateralized mortgage obligations12  10,022  (43) —  —  —  12  10,022  (43) 
Mortgage-backed securities57  91,753  (186) 9  12,121  (52) 66  103,874  (238) 
Total available for sale securities121  $131,727  $(418) 22  $15,454  $(181) 143  $147,181  $(599) 
Held to maturity:         
U.S. Government Agencies2  $2,177  $(2) 8  $15,965  $(30) 10  $18,142  $(32) 
Municipal bonds—  —  —  1  50  —  1  50  —  
Mortgage-backed securities7  8,880  (58) 10  11,343  (54) 17  20,223  (112) 
Total held to maturity securities9  $11,057  $(60) 19  $27,358  $(84) 28  $38,415  $(144) 
Credit Losses on Debt Securities for which Portion of OTTI Recognized in OCI
The following table presents a roll-forward of the amount of credit losses on debt securities held by First Guaranty for which a portion of OTTI was recognized in other comprehensive income for the six months ended June 30, 2020 and 2019:

(in thousands)Six Months Ended
June 30, 2020		Six Months Ended
June 30, 2019
Beginning balance of credit losses at end of prior year$—  $60  
Other-than-temporary impairment credit losses on securities not previously OTTI50  —  
Increases for additional credit losses on securities previously determined to be OTTI—  —  
Reduction for increases in cash flows—  —  
Reduction due to credit impaired securities sold or fully settled—  (60) 
Ending balance of cumulative credit losses recognized in earnings at end of period$50  $—  
Schedule of Exposure to Investment Securities Issuers that Exceeded 10% of Shareholders' Equity
At June 30, 2020, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: 

 At June 30, 2020
(in thousands)Amortized CostFair Value
U.S. Government Treasuries (U.S.)$47,700  $47,700  
Federal Home Loan Bank (FHLB)—  —  
Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)66,382  68,304  
Federal National Mortgage Association (Fannie Mae-FNMA)86,039  88,478  
Federal Farm Credit Bank (FFCB)—  —  
Total$200,121  $204,482